Two-Family Property with Finished
994 Van Siclen Avenue, Brooklyn, NY 11207
For Sale
$859,000
Vacant legal two-family home with a finished basement, separate entrances, private parking, gas heat, and through-wall air conditioning.
Property Size2,550 SF
Price / SF$336.86
Days on Market60
Property Features for 994 Van Siclen Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
finished basement
through the wall air conditioning
gas heating
private parking
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Compass
Listed By:
SANDRA N FRANK
(917) 282-2074
Source:
Carlinwright
Added: Sep 12
Changed: Nov 8
Last Checked: Nov 8 at 12:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
This legal two-family property at 994 Van Siclen Avenue includes a finished basement and separate entrances, including a rear entry from the alley at ground level. The home will be delivered vacant, providing flexibility for occupancy by an owner, extended family, or separate household arrangements as supported by the existing configuration.
Private parking is positioned behind the property and accessed through a semi-private alley. Gas heating and through-wall air conditioning are installed throughout the home. Built in 1960, the property is located in Brooklyn, NY 11207.
Private parking is positioned behind the property and accessed through a semi-private alley. Gas heating and through-wall air conditioning are installed throughout the home. Built in 1960, the property is located in Brooklyn, NY 11207.
Key Highlights
- Legal two‑family home delivered vacant
- Finished basement with two separate entrances
- Rear basement entrance provides ground‑level alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,849
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,556,980
$1.6M
Cap Rate 7%
$1,112,129
$1.1M
Cap Rate 9%
$864,989
$865.0K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$144.4K $56.64/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$141.5K $55.51/SF
− OpEx
−$63.7K −$24.98/SF
NOI
$77.8K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,556,980
Cap Rate 7%
$1,112,129
Cap Rate 9%
$864,989
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,305 @ 7.0% cap · market cap 10.40%
Second Best
Apartment 5plus
$1.11M
$973.1K – $1.30M
NOI $77,849 @ 7.0% cap · market cap 9.06%
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.46M
NOI $147,798 @ 7.0% cap · market cap 17.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,865
Businesses Nearby
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Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant legal two-family home with a finished basement, separate entrances, private parking, gas heat, and through-wall air conditioning.
Where is this duplex located?
The property is located at 994 Van Siclen Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Legal two‑family home delivered vacant; Finished basement with two separate entrances; Rear basement entrance provides ground‑level alley access
